Notice of AIM Cancellation (0319C)

TIDMPGC

RNS Number : 0319C

Prologic plc

25 April 2012

Prologic plc (the "Company" or "Prologic")

25 April 2012

Notice of Cancellation

Further to the announcement on 25 April 2012 by ESWC Acquisitions Limited ("ESWC") that it now holds or has received valid acceptances of their offer in respect of a total of 9,872,813 Prologic shares, representing an aggregate of 98.7 per cent. of the issued ordinary share capital of Prologic, and that the Offer has now been declared wholly unconditional, the Company has, at the request of ESWC, applied to the London Stock Exchange for the cancellation of trading in the Prologic shares on AIM ("Cancellation").

It is expected that Cancellation will occur at 7.00 a.m. on Friday, 25 May 2012 after which time the Prologic shares will no longer be admitted to trading on AIM.

As ESWC has received acceptances under the offer in respect of 90 per cent. or more of the offer shares, ESWC intends to exercise its rights pursuant to sections 974 to 991 of the Companies Act 2006 to acquire compulsorily the remaining Prologic shares to which the offer relates in respect of which the offer has not been accepted.

For further information, please contact:

 
Prologic plc 
 Tom Fischer, CEO 
 David Parry, Finance 
 Director                  01442 876 277 
Westhouse Securities 
 Antonio Bossi / Richard 
 Johnson                   020 7601 6100 
Biddicks 
 Zoe Biddick               020 3178 6378

This information is provided by RNS

The company news service from the London Stock Exchange

END

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